For those serious mature sensible minded intelligent prudent long term investors among y'all ... Do consider TopGlove as another egg in the basket, another arrow in the quiver, another string to the bow
Bonus issues: 2002 3:10 ==> 2,600 units 2003 2:5 ==> 3,640 units 2005 1:1 ==> 7,280 units 2007 2:5 ==> 10,192 units 2010 1:1 ==> 20,384 units 2016 1:1 ==> 40,768 units 2018 1:1 ==> 81,536 units 2020 2:1 ==> 244,608 units
Today 244,608 units x RM8.70/unit = RM2,128,089
Capital Appreciation = From RM5,400 to RM2,128,089 in just 19 years
This is clear solid undoubtable undeniable evidence of the awesome benefit by way of exponential growth that you get from investing long term in TopGlove
Anyways, this is not a call for buy or sell, but just sharing of some inspirational motivational confidence-building information.
If warren buffet knows everything about every bursa on this planet, then he would certainly have bought at 1east 750,000,000 units of TopGlove at IPO price RM2.70 in 2001
Becos every 1,000 units bought in 2001 would have become 122,304 units today
wow, just noticed oil now around $55. counters in UK and US, their oil companies share price been rising, almost at par to pre -covid. yet Dayang sp still well below before covid. we should be rising towards 1.4 at least. i am buying some more here
Oil price recovering is good news for O&G counter, but the market sentiment seems to shift to other sector now. This happens to gloves when the cases are record high but share price keep slump. It may happen to O&G now, with WTI/Brent at higher end, but O&G counter face sell down. This post is not to create fear, but just want to share opinion. Nevertheless, dayang is fundamental good company, the company is in good hands with sound mgt. If it continue to drop, it is a buying opportunity, not selling.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Riaz1954
1,309 posts
Posted by Riaz1954 > 2020-12-29 21:38 | Report Abuse
Brent is up expect a rally to at least 1.40 into new year 1 qtr